1201 Mark St Elk Grove Village, IL 60007
- Industrial properties
- 104,000 SF
- 4.56 lot acres
Current Use by Public Records
- Distribution Management Services / Business Management Consultant
- DMS Packaging / Packaging Company
Property Details for 1201 Mark St
- Year built
- 1972
- Construction
- CONCRETE
- Lot size
- 4.56 lot acres
- Property size
- 104,000 SF
- Zone code
- I
- Property type
- Industrial properties
- APN
- 03-03-207-001
- APU
- 303207001
Description
This exceptional Elk Grove Village, IL warehouse offers 45,000 square feet of flexible industrial space, divisible to a minimum of 1,000 square feet. Located at 1201 Mark St, zip code 60007, in DuPage County, this property boasts 5 dock-high doors and 1 loading ramp, ensuring efficient loading and unloading. The space is currently shared, with a minimum lease of 1,000 square feet and a maximum of 15,000 square feet currently available. The building is meticulously maintained, clean, pest-controlled, and holds both FDA and Kosher certifications. Utilities are included in the lease, with heat provided. The current primary tenant offers a range of fulfillment services including picking, packing, kitting, loading, and labeling, providing a valuable added benefit for prospective tenants. Renter labor is not permitted on-site. Parking and temporary office space are available. Standard operating hours are Monday-Friday, 7:30 am to 4:00 pm. The property is easily accessible and offers a strategic location within Elk Grove Village. Prospective tenants will undergo a brief phone screening prior to scheduling a tour. The space can be adapted to open floor plans as needed. The average tenure of the current warehouse staff exceeds 12 years, indicating a stable and experienced workforce within the building. The monthly rental rate is $1.00 per square foot.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $930,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,085,000
- 6.5%
- $995,000
- 7%
- $1,105,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,030,000
- Geo Method
- $860,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $900,000
- Retail
- $1,015,000
- Mixed-Use
- $1,210,000
- Hospitality
- $930,000
- Educational
- $1,170,000
- Residential Income
- $965,000
- Energy
- $985,000
- Income-Based Land
- $1,165,000
- Food Service
- $1,120,000
Location Insight
- Map
- Local Demand
- City
- Elk Grove Village
- County
- Dupage
- State
- Illinois
- Longitude
- -87.9681
- Latitude
- 41.9878
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
